New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-08


But per cent payable August will be pretty good
one and twohlrds months interest stock purchased
at current hyures After July !, the beginning OF the
second half year. there win be 10 dead issues to be taken
care of. and all OF whatever surplus OF
net earnings there may be will be applicable
to dividends on the stock For the assessment paa on
the wNork. Chicago and 81 Louis stock the company
will receive security which reasonably may he expected
to return per interest. The company claimed
pay dividends after The end OF 1881 anu pald none
till the per cent for the as halt or 1856 III tue mean
time the rod aud equipment standard Ot 'I Of
efficiency far beyond the Of the railroads OF the
country In the time its funded debt was reduced
100000 by the operations OF the sinking fnnd' anu s
floating debt displaced by cash balance as state9
before year reduced the interest on fSl9oOo or
It's funded debt from TO per cent It's surplus az .ne
end Of 1884 Sl,ji12J7 and ut the end OF looo
was - O33. 77l-an Increase Of S3,4s6.5l4
-. Il C"-In statement Of the Chicago and North,
western Railroad, showing l2.55 per cent earned
ON So Ssh the sa', DroceeS, Of aSs sSs While
the proceeds from land sales adj to the amount OF tn
companys live they cannot properly be cassed
earnings II Is an exchange Of one asset Tor
The companys books viii close tomorrow MeuheshayI
dealt in At the stock Exchange dividends Il per cent
for the preferred and per cent for ne common.
what unsettled Tne principal featute Of the marEet
was that OF dnness The 81 Pan episode was SUI, uIou
weight against the market and with that
they more successful In maknx de-
rhey sold st. Paul down 9O7s on the idea that the
companys price for the STOCK - Under the scneme OF
scribe fourteen shares at s. The Richmond ana West
Point stock al.O target for lower valuation ana De
cned from 39i2 s. II IL yet 10 be proved that the
stock is high ut figure and hence It Is partcu
larry vulnerable IN any attack from us particular
friends But whether its movements can affect
the general market Is another question The general
market ruled strong for the best part OF tho day.
but against IL in the Last hour when IL was
extremely dull. successful In making II close Az
about the lowest price Of tho day. IL was " short
stocks which did IL and the future buying market was
hroadened Just to the amount OF the addition to the
short interest Western Union early sold up to 79
later, on the report that the question OF dividend
was deferred TIL tie full meeting or the
board to morrow-a which always has been
true what the recommendation OF the eSecu-
tive committee might be. The simple fact IA that the lips
the mbers or the executive committee were sealed
lust a. they the first tme the company passed It's
regular quarterly dividend The stock recovered = and
closed AT 7-R The question or dividend Is or less I'm.
uorance than the character OF the statement TO he issued
morrow showing results OF business done al lower
rates than ever before. The market closed dull and
steady.
Government bonds were duh at the Exchange. but
fair OF business reported over the counters
tine leading dealers. Quotations were steady rs ol-
lows.